Map1 bedroom property for sale
Key information
Features and description
- Tenure: Freehold
- Freehold Block of Apartments
- 19 Studio Apartments
- 6 One bedroom Apartments
- 1 Two bedroomed Apartment
- 1 Three Bedroomed Apartment
We are delighted to bring to Auction this substantial freehold block of apartments ideally situated on the outskirts of Newcastle City Centre approximately 1.5 miles to the west of Newcastle Upon Tyne City Centre.
The property comprises a three storey purpose built block originally constructed as sheltered accommodation for Anchor Housing Association.
The property is arranged internally to provide twenty seven self contained flats comprising of 19 studio apartments, 6 one bedroom apartments, one two bedroomed apartment and one three bedroomed apartment. Having been expertly managed by Northwood Estate Agents for the current landlord we have been advised that there is potential to divide (STPP) 3 of the larger apartments into additional units.
The gross internal area extends to 1.444 square metres(15,543 square feet) or thereabouts.
Mostly let the current income is approx £180000 per annum. This will fluctuate if properties become vacant or more are let.
Externally there are gardens to the the front, side and rear, includes store rooms and a boiler room. Nine parking spaces and one integral single garage currently used as storage/workshop.
Rooms
Location
The Property is located in an established residential area in
the West End of Newcastle upon Tyne approximately 1.5
miles to the west of Newcastle upon Tyne city centre.
Description
The Property comprises a three storey purpose-built block,
originally constructed as sheltered accommodation by Anchor
Housing Association. The Property is arranged internally to
provide twenty seven self-contained flats comprising 19
studio flats, 6 one-bedroomed flats, one two bedroomed flat
and one three bedroomed flat
Accommodation
The Property occupies a site extending to 0.189ha (0.467
acres) and comprises nineteen studio flats, six one
bedroomed flats, one two bedroomed flat and one three
bedroomed flat.
The individual unit sizes are:
Studio Flat: 31 sq m.
One Bedroom flat: 42 sq m.
Two bedroom Flat: 60 sq m.
Three bedroom Flat: 75 Sq m.
The gross internal area extends to 1,444 square metres
(15,543 square feet) or thereabouts.
Tenure
Freehold Title number TY20778
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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